NVTS Q1 2023 Earnings — Navitas Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

NVTSNavitas Semiconductor Corporation

$2B

Q1 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$13M+98.2% YoY

Gross Profit

$5M41.1% margin

Operating Income

-$35M-265.5% margin

Net Income

-$62M-463.0% margin

EPS (Diluted)

$-0.39

QoQ Revenue Growth

+8.2%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$9M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$416M

Total Liabilities

$71M

Stockholders' Equity

$345M

Cash & Equivalents

$101M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13M	$7M	+98.2%
Gross Profit	$5M	$3M	+85.1%
Operating Income	-$35M	-$35M	-1.3%
Net Income	-$62M	$80M	-177.5%